Central London may offer property investment opportunities

London offers property investment opportunities

Growth in the UK economy may be sluggish at the moment, but some parts of the country are still attracting plenty of interest from overseas property investors.

Central London, for instance, is particularly popular with real estate buyers from other countries right now.

And with some significant upgrades to its transport infrastructure set to emerge in the next few decades, the region's appeal may increase even further.

A high-speed rail network is set to connect London and Birmingham, a move that should significantly cut journey times between the two cities and ease the burden on existing services.

This part of the HS2 network should be up and running by 2026, after which it will extend into northern England with links to Manchester and Leeds.

The government and other supporters of the project have been keen to stress that this will create widespread economic benefits that will be felt all over the UK, rather than solely in the south-east.

However, London Central Portfolio believes the capital's housing market should benefit considerably from HS2, as property values will rise in key areas such as Fitzrovia, Bloomsbury and Kings Cross.

Therefore, investors who are looking to transfer money to the UKreal estate market could find this area offers particularly good capital growth potential.

London Central Portfolio is equally optimistic that the Crossrail project will have an effect on property prices in the city, as it will improve the connectivity of those places located on the network.

George Hankinson, managing director of the group, added that feeder towns outside of the heart of the city could also benefit.

"If you [live] around an hour away outside of London and there's going to be a new station, then there will definitely be a corresponding uplift in prices if people can get into London quicker," he commented.